Discussion 5 Sears and McDonalds - 275 Words

Discussion 5: Sears and McDonalds; The shortcomings of bad inventory (Essay Sample) Content: Discussion 5NameInstitutional AffiliationResponse 1Inventory is a critical aspect of any business that is looking to thrive. This is primarily because it paints a clear picture of the companyà ¢Ã¢â€š ¬s current state, insofar as products are concerned. In this response, much attention is paid to the kinds of inventories used by the two companies, that is, Sears and McDonalds. While the inventory system used at Sears is heavily manual and analogue, McDonalds has embraced a more digitized approach towards taking inventory. The response clearly points out the type of inventory that would be used should the respondent own and run his or her own business. However, this response fails to articulate whether Sears and McDonalds are some of the companies the respondent would like to own or run. Nonetheless, the response addresses the fact that the respondent would prefer to use the barcode reading system to take inventory, should they own their own businesses. I also believe that barcode reading system is essential to taking proper inventory while saving a lot of time. Such success is exhibited in Target, where this kind of inventory combined with software such as CNET has seen substantial increases in profits.Response 2This response addresses the shortcomings of bad invento...